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Competition tough; cedants retain more


Competition in the reinsurance market is unrelenting with only rising interest rates or an end to reserve releases likely to stabilise pricing, according to Torsten Jeworrek, member of Munich Re’s board of management. What is more, despite the cheap capacity available, many insurers are also ceding fewer risks.

Muncih Re, Torsten Jeworrek, Monte Carlo 2014, Europe

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